Vertex International Securities has listed the nation’s first Exchange Traded Fund (ETF) on the Dar es Salaam Stock Exchange, rising over TZS 6.8 billion and igniting fresh investor enthusiasm.
The newly listed ETF, a collective investment fund, enables investors to diversify their holdings across five distinct portfolios simultaneously.
The fund exceeded its initial target, raising TZS 6.8 billion, surpassing the TSh 5 billion goal by 36 percent
Speaking at the listing ceremony in Dar es Salaam, Vertex CEO Mateka Mgeta described the achievement as a strong reflection of investor trust and the company’s dedication to broadening access to capital market opportunities.
“Vertex will continue to manage the fund responsibly and ensure that investors derive meaningful value from their investments,” Mgeta said.
“We remain committed to introducing innovative financial products that respond to the evolving needs of our clients.”he added
The fund has already attracted more than 6,300 investors, with participation continuing to grow.
Notably, 82% of the investments came from retail investors, highlighting the increasing involvement of individual Tanzanians in the financial markets.
With a minimum investment of TZS 20,000, the fund remains widely accessible to the general public.
Vertex Board Chair Peter Machunde emphasized the company’s pioneering role in Tanzania’s financial sector, noting that Vertex was the first broker to introduce Treasury bills, launch a long-term bond, and develop a mobile trading app.
“Vertex remains committed to leading innovation and creating investment solutions that foster financial inclusion and market growth,” Machunde said.
Representing the Dar es Salaam Stock Exchange, Claud Edson praised Vertex’s initiative, noting that the ETF aligns with the government’s efforts to enhance market liquidity and diversify investment options.
“Tanzania’s capital market is becoming a regional hub for innovative financial instruments such as green bonds, social bonds, and sukuk bonds, all of which are performing strongly,” Edson said.
“These products demonstrate the nation’s commitment to sustainable and inclusive finance. We encourage investors to leverage digital platforms like DSE Jisajili Kiganjani for safe and convenient trading.”
Capital Markets and Securities Authority (CMSA) CEO Nicomeus Mkama hailed the ETF listing as a historic milestone for the country’s capital market.
He noted that October has been a particularly significant month for the sector, following Tanga Cement’s rights issue and now the introduction of Tanzania’s first ETF.
“Within the past six months, more than seven countries have visited to learn about our market operations,” Mkama said.
“This reflects Tanzania’s growing reputation as a regional learning hub for capital market development.”he added
Mkama urged Vertex and other market participants to ensure that investments generate tangible value and contribute to productive, sustainable economic growth.
He added that the Vertex ETF will focus on high-performing listed companies such as CRDB Bank and Nickel, aligning with Tanzania’s broader vision of expanding investment opportunities and promoting financial inclusion.